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Pentagon seeks a more lethal army in shifting $4.7 billion

The Pentagon is asking Congress to shift $4.7 billion in previously approved spending for this year, with some of the funds going to provide...

Americans burdened by increasing housing costs

IT’S $500 more, each and every month. That’s the additional cost of a mortgage payment if you bought a median-priced home in San Jose, California, in the first quarter of 2018 compared to late last year. The mortgage payment would be about $4,600 compared to $4,100 due to higher lending rates and increasing home prices.

China’s economy slows as expected with trade war dimming outlook

China’s economic expansion slowed in line with expectations, signaling broadly stable output as the trade conflict with the US intensifies. Gross domestic product increased 6.7%...

Some US manufacturers feeling trade war pinch: survey

Washington -- Some US manufacturers are delaying investments and raising prices as President Donald Trump escalates trade wars with key US economic partners but...

EU urges big powers to avert trade ‘conflict and chaos’

Beijing, China -- The European Union called Monday on the United States, China and Russia to work together to cool worsening global trade tensions,...

China says US tariffs to backfire, damaging the whole world

The US imposition of tariffs on $34 billion of China’s exports will not only hurt China, but the US itself and the rest of...

Melania Trump’s Zara jacket thrusts Inditex into spotlight

FAST-FASHION pioneer Zara has been caught up in a sartorial controversy involving first lady Melania Trump — with a garment that was last on sale two years ago.

Cayetano, Pompeo affirm Philippine-US alliance in latest meeting

Foreign Affairs Secretary Alan Peter S. Cayetano and Secretary of State Michael R. Pompeo reaffirmed the country's alliance with the United States during the...

Steel drops most since March as metals tumble on trade war...

Steel and iron ore plunged the most since March on escalating fears over a global trade war as China vowed to retaliate after President...

Why is the Trump administration separating immigrant families?

Washington -- President Donald Trump declared Monday that the US will not become a "migrant camp" as his administration faced a backlash for its...

Duterte: You cannot scare China

By Arjay L. Balinbin, Reporter President Rodrigo R. Duterte on Monday, June 18, defended the People’s Republic of China amid criticisms arising from the South...

China may use control over disputed sea to challenge US presence...

A report from the United States Congressional Research Service revealed China's capability to control the South China Sea in the event that a war...

Asia sees China and United States as threats to rules-based order

LONDON -- For many US allies, Secretary of Defense James Mattis is the last of the Trump administration’s so-called grown-ups in the room.

China warns US against tariffs as trade talks end

Beijing, China -- China warned the US that any deals reached during ongoing trade talks would be void if Washington went ahead with imposing...

Asia worries about US rule-bending

Asia’s main security conference this weekend established at least this: That while America’s allies like Defense Secretary James Mattis, that’s no longer enough. Mattis sought...

US payrolls rise 223,000 as jobless rate matches historic low

US hiring rose more than forecast in May, wages picked up and the unemployment rate matched the lowest in almost five decades, indicating the...

Canada hits US with billions in retaliatory tariffs in steel row

Ottawa, Canada — Canada hit back at steep US tariffs on aluminum and steel on Thursday, announcing retaliatory duties on up to Can$16.6 billion (US$12.8...

Koreas hold high-level talks ahead of Trump-Kim summit

Seoul -- North and South Korea held high-level talks Friday to discuss their ongoing efforts to improve ties ahead of a landmark meeting between...

North Korea warns of nuclear crisis in threat to scrap talks

North Korea again threatened to cancel its planned summit with President Donald Trump next month, hardening its rhetoric by saying it was ready for...

Global markets rise as Beijing and Washington avert trade war

New York -- Global stock markets got a bounce Monday (US time) after the US and China effectively called a truce in what had...

Get ready for annual US-China trade wars, Credit Suisse says

Same time next year? Anyone breathing a sigh of relief on Monday may have to get used to featuring China-U.S. trade wars in their...

Trump meets Americans released from North Korea ahead of summit

Donald Trump personally welcomed home three Americans released from detention in North Korea, a triumphant middle-of-the-night moment for the president as he prepares for...

Critical US-China trade talks end in Beijing

Beijing -- China and the US ended the second day of high-stakes trade talks Friday with "big differences", Beijing said, leaving the world's two...

US pledges another P182-M help for Marawi

THE UNITED States government has pledged another P182-million ($3.5 million) worth of assistance for the 58,000 internally displaced residents of Marawi City and surrounding...

China is weakening its currency before US trade talks begin

China weakened its daily currency fixing by more than traders and analysts had expected before high-ranking US officials arrive in the country to discuss...

Threat of nuclear weapons use growing, UN warns

Geneva -- A top UN official on Monday denounced growing rhetoric claiming that nuclear arms are necessary and warned that the risk of such...

Government seeks stronger US support for PHL infrastructure projects

THE PHILIPPINE government is seeking expanded support from the United States in its infrastructure program, the Department of Budget and Management (DBM) said in...

US, UK blame Russia for global cyberattack

WASHINGTON/MOSCOW — The United States and Britain on Monday accused Russia of launching cyber attacks on computer routers, firewalls and other networking equipment used...

EU asks WTO for safeguards over US steel, aluminum tariffs

GENEVA — The European Union (EU) on Monday followed China in complaining to the World Trade Organization (WTO) over US tariffs on steel and...

Philippines ‘not taking sides’ in China-US trade war but wants Beijing...

By Arjay L. Balinbin, Reporter President Rodrigo R. Duterte, in his bilateral meeting with Chinese President Xi Jinping in Hainan, China on Tuesday, April 10,...

US farm lobby wants strict definition of ‘meat’

NEW YORK — A major US agriculture lobbying group on Tuesday threw its weight behind an effort to keep the “meat” label off of...

China’s Xi pledges greater openness amid Trump trade dispute

Chinese President Xi Jinping reiterated pledges to open sectors from banking to auto manufacturing in a speech that also warned against returning to a...

What to watch in commodities: aluminum, Trump Vs Xi, copper, soy

We live in interesting times. Just as investors weigh up the U.S.-China trade punch-up, markets need to adjust to a whole new front. U.S....

Southeast Asia braces for trade war by bolstering growth

Policy makers across Southeast Asia are bracing for a fallout from a U.S.-China trade war, turning their focus on bolstering their domestic markets to...

Trump, Xi wait to see who blinks first as trade fight...

The leaders of the world’s two biggest economies are waiting to see who backs down after firing the opening shots in a trade war. U.S....

China’s counterpunch to Trump’s tariffs sparks global selloff

Tit-for-tat tariff threats from the U.S. and China ignited fears that a trade war was beginning between the world’s two largest economies, sending U.S....

China still considering curbs on US soybean imports, association says

BEIJING -- China is still considering import curbs on US soybeans in retaliation for moves by Washington to impose trade tariffs, US Soybean Export...

China asks US to offset trade loss due to metal tariffs

China asked the US to provide compensation for lost trade due to President Donald Trump’s proposed tariffs on steel and aluminum, in a preliminary...

As trade war heats up, biggest currency whales make their move

For the first time in a decade, the world’s central banks are looking beyond the dollar to build their currency reserves. With US protectionism on...

US-China trade fight depends on Trump goals

WASHINGTON -- How bad will the US-China trade fight get? That depends on whether President Donald Trump will settle for a reduction in China’s...

China’s hitting the US where it hurts — in the pork...

China struck back at US import tariffs with its own set of reciprocal ones targeting, among other products, pork. The world’s biggest pork producer, consumer...

Trade war to US inflation to be in focus for emerging...

Emerging-market investors will be gauging the effect of a possible trade war after President Donald Trump revealed his tariff plans. They will also be...

As Duterte shifts toward China, Vietnam bolsters US ties

This week’s visit by a U.S. aircraft carrier to Vietnam -- the first since the war -- highlights a growing relationship between the former...

Philippines hails US move to blacklist local IS-linked groups

The Philippines hailed on Wednesday, Feb. 28, Washington's decision to blacklist two local pro-Islamic State groups, including one which occupied the southern city of...

Military ready for another possible conflict

THE Armed Forces of the Philippines (AFP) is getting ready for another possible conflict, a ranking officer said on Friday. “rom our experience from the...